Targa Resources Corp. (TRGP)

NYSE: TRGP · IEX Real-Time Price · USD
55.56 -0.75 (-1.33%)
Jan 20, 2022 4:00 PM EST - Market closed
Market Cap12.72B
Revenue (ttm)14.08B
Net Income (ttm)318.60M
Shares Out228.97M
EPS (ttm)1.38
PE Ratio40.41
Forward PE17.39
Dividend$0.40 (0.72%)
Ex-Dividend DateOct 28, 2021
Volume1,478,921
Open55.94
Previous Close56.31
Day's Range55.41 - 57.22
52-Week Range26.65 - 58.33
Beta2.85
AnalystsBuy
Price Target67.71 (+21.9%)
Earnings DateNov 4, 2021

About TRGP

Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company engages in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering,...

IndustryOil, Gas & Consumable Fuels
IPO DateDec 7, 2010
CEOJoe Perkins
Employees2,372
Stock ExchangeNYSE
Ticker SymbolTRGP
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for TRGP stock is "Buy." The 12-month stock price forecast is 67.71, which is an increase of 21.87% from the latest price.

Price Target
$67.71
(21.87% upside)
Analyst Consensus: Buy

News

Targa Resources Corp. Declares Increase to Quarterly Common Dividend

Announces Quarterly Dividends and Timing of Fourth Quarter 2021 Earnings Webcast Announces Quarterly Dividends and Timing of Fourth Quarter 2021 Earnings Webcast

9 hours ago - GlobeNewsWire

Oil And Gas Stocks Expected To Remain Strong: 5 Top Midstream Energy Stock Picks For 2022

Oil and gas stocks had a great year in 2021, and analysts expect the favorable energy market environment to continue in 2022. On Tuesday, Bank of America analyst Chase Mulvehill chose his five top stock...

Other symbols:EPDETWMB
1 week ago - Benzinga

Targa Resources Corp. Executes Agreements to Acquire its Development Company Joint Venture Interests

HOUSTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that it has executed agreements to repurchase interests in its development compan...

1 week ago - GlobeNewsWire

Targa Resources Corp. to Participate in UBS Winter Infrastructure & Energy Virtual Conference

HOUSTON, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via v...

1 week ago - GlobeNewsWire

7 Top Energy Stocks With the Momentum to Continue Charging Forward This Year

Energy stocks had an exceptionally strong 2021 and it looks like 2022 is shaping up for more of the same from the sector. The post 7 Top Energy Stocks With the Momentum to Continue Charging Forward This...

Other symbols:CLRCVXDVNETFANGOKE
2 weeks ago - InvestorPlace

7 Great Growth Stocks to Buy for January

Some growth stocks are still posting big gains and have momentum that will continue into 2022. Here are seven of the best to choose from.

Other symbols:CARCHHCROXNUEPFESUI
4 weeks ago - InvestorPlace

How Targa Resources (TRGP) Stock Stands Out in a Strong Industry

Targa Resources (TRGP) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

1 month ago - Zacks Investment Research

Targa Resources Corp. to Participate in Wells Fargo Midstream Utilities & Renewables Symposium

HOUSTON, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via v...

1 month ago - GlobeNewsWire

Targa (TRGP) Stock Leaves No Mark Despite Beating on Q3 Earnings

Targa Resources' (TRGP) adjusted EBITDA jumps from $419.1 million a year earlier to $505.9 million in the third quarter of 2021.

2 months ago - Zacks Investment Research

Targa NGL Pipeline Company Launches Open Season

HOUSTON, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that Targa NGL Pipeline Company LLC (“Targa NGL Pipeline”), a wholly owned subsid...

2 months ago - GlobeNewsWire

Targa Resources Corp. to Participate in Investor Conferences

HOUSTON, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings at th...

2 months ago - GlobeNewsWire

Focus on earnings, yield and dividend yield will benefit over next 5 years: Ablin

Jack Ablin, Cresset Capital founding partner and CIO joins 'TechCheck' to discuss why he believes the energy sector is relatively cheap, compared to the market and other sectors. For access to live and ...

Other symbols:FHNMURWTFC
2 months ago - CNBC Television

Targa Resources Corp. Reports Third Quarter 2021 Financial Results

Increases 2021 Financial Outlook and Announces Updated Capital Allocation Strategy Increases 2021 Financial Outlook and Announces Updated Capital Allocation Strategy

2 months ago - GlobeNewsWire

Should You Buy Targa Resources (TRGP) Ahead of Earnings?

Targa Resources (TRGP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

Targa Resources Announces Power Purchase Agreement With Concho Valley Solar To Provide Renewable Electricity For Its ...

HOUSTON, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") today announced it has entered into agreements to source renewable electricity from Concho Valley...

2 months ago - GlobeNewsWire

Expect an Earnings Beat From These 5 Energy Companies in Q3

Energy stocks such as APA Corporation (APA), EOG Resources (EOG), Targa Resources (TRGP), Continental Resources (CLR) and Whiting Petroleum (WLL) are likely to have benefited from higher commodity prices.

Other symbols:APACLREOGWLL
2 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for October 26th

REI, TRGP, TSLA, and LNG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 26, 2021.

Other symbols:LNGREITSLA
2 months ago - Zacks Investment Research

Here's Why Targa Resources, Inc. (TRGP) is a Strong Growth Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

2 months ago - Zacks Investment Research

Targa Resources Corp. Announces Quarterly Dividends and Timing of Third Quarter 2021 Earnings Webcast

HOUSTON, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced its quarterly dividend on common shares and its quarterly dividend on Series A preferre...

3 months ago - GlobeNewsWire

Targa Resources Corp. to Participate in Wolfe Research Utilities, Midstream & Clean Energy Conference

HOUSTON, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via ...

3 months ago - GlobeNewsWire

2 Top Midstream Oil & Gas Stock Picks To Play Right Now

Crude oil prices hit their highest point in nearly three years on Tuesday as global demand rebounds and supply remains tight. Bank of America analyst Chase Mulvehill named Targa Resources Corp (NYSE:TRG...

Other symbols:ET
3 months ago - Benzinga

Targa Resources Corp. Releases Sustainability Report

HOUSTON, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that its Sustainability Report for 2020 is now available on the Company's websit...

3 months ago - GlobeNewsWire

Stock Market Mixed: AMD, Targa Resources Flash Buy Signals; PerkinElmer Breaks Support

Stock market mixed: AMD Targa Resources flash buy signals; PerkinElmer breaks support. Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, invest...

Other symbols:AMDPKI
3 months ago - Investors Business Daily

Targa Resources Corp. to Participate in Barclays CEO Energy-Power Conference

HOUSTON, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company will participate in investor meetings via ...

4 months ago - GlobeNewsWire

Targa (TRGP) Stock Leaves No Mark Missing on Q2 Earnings

Targa Resources' (TRGP) adjusted EBITDA jumps from $351.2 million a year earlier to $460 million in the second quarter of 2021.

5 months ago - Zacks Investment Research